2022 Full Year Results slide image

2022 Full Year Results

Corporate and Institutional Banking Global Markets - 4Q22 €m Global Markets Revenues incl. FICC incl. Equity & Prime Services 4Q22 4Q21 4Q22 / 3Q22 4Q22 / 2022 2021 2022 / 4Q21 3Q22 2021 1,657 1,338 +23.8% 1,986 -16.6% 8,660 6,820 +27.0% 1,094 755 +44.8% 1,124 -2.7% 5,234 3,947 +32.6% 563 583 -3.4% 863 -34.7% 3,426 2,872 +19.3% Operating Expenses and Dep. -1,480 -1,224 +20.9% -1,167 +26.8% -5,806 -4,924 +17.9% Gross Operating Income 177 115 +54.4% 819 -78.4% 2,855 1,896 +50.6% Cost of Risk -3 10 n.s. 28 n.s. 11 27 -57.7% Operating Income 174 124 +39.6% 847 -79.5% 2,866 1,923 +49.1% Share of Earnings of Equity-Method Entities 1 5 -75.2% 3 -50.6% 14 14 +0.7% Other Non Operating Items -9 -5 +93.1% -1 n.s. -10 5 n.s. Pre-Tax Income 166 125 +32.8% 848 -80.4% 2,870 1,942 +47.8% Cost/Income 89.3% 91.4% -2.1 pt 58.8% +30.5 pt 67.0% 72.2% -5.2 pt Allocated Equity (Єbn, year to date) 12.0 10.7 +12.5% Revenues: +23.8% vs. 4Q21 (+20.4% at constant scope and exchange rates) Very strong increase in derivatives demand, driven in particular by reallocation and hedging needs on fixed-income and currency products, emerging markets and commodities Client demand less sustained in equity markets, particularly in derivatives Operating expenses: +20.9% vs. 4Q21 (+16.0% at constant scope and exchange rates) • Impact of the faster pace of growth in activity in 4Q22 Exchange-rate and scope impact (~25% of growth vs. 4Q21) Positive jaws effect (+2.9 pts) 1. Consolidation of Exane as at 01.07.21 BNP PARIBAS The bank for a changing world 2022 Full Year Results | 62
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